Fixed Income

"Building a Better Base Case for Fixed Income in 2013"Abstract:Report by Richard Oswald of JPMorgan Funds

"We begin the year with greater conviction in our macro base case, a muddle-through recovery. While prospects for breakout GDP growth have not appreciably improved, the threat of a global economic crisis has receded, thanks to coordinated central bank liquidity support and a rebound in the emerging markets.

- While still mired in recession, both the Eurozone and Japan are showing signs of economic stabilization and market performance improvement; however, we believe these short-term gains mask longer-term troubles that cannot be ignored.